Carillion warns revenue likely to be down

Construction firm Carillion warned this morning that full-year revenue will be lower for this year than for 2011.

In its interim management statement, Carillion said a restructuring of its UK construction activities in a shrinking UK market would hold back profits.

The West Midlands-based construction group said it expects to deliver higher operating profit and operating margin for the full year.

Its pipeline of future work remains “strong”, and it has recently won several new orders in the Middle East with a value of £185m.